Albany, NY — (SBWIRE) — 09/15/2017 — As a child continues to accomplish the milestones of growing, parents become more inspired to teach them. Every parent wants to have a child who seems to have advance knowledge. The advent of ‘smart toys’ is the proven and most effective tool for the toddlers that will cultivate their knowledge. Recently, Market Research Hub (MRH) has broadcasted a new study titled “Global Smart Toys Market Professional Survey Report 2017″ to its vast repository, which offers a precise outlook on the current market scenario along with future growth prospects. It also explains the competitive landscape present in the market along with stating the financial outlook of the leading companies.
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Smart toys are the modern-day toys, which possess artificial intelligence, and consist of a microprocessor, volatile or nonvolatile memory units, and input & output devices. These are incorporated with speech recognition and speech synthesizers, which can be easily implemented in a software and hardware. By type, it is classified as robots, interactive games, and educational robots.
At first, the report begins with a brief summary along with a market snapshot providing information of the various segments and sub-segments considered in the scope of the study. The market size and forecast in terms of sales, production, volume, revenue, price, market share and growth rate for each segment has been provided for the period from 2017 to 2022. Geographically, the research majorly focuses on regions such as North America, Southeast Asia, Europe, China, India and Japan. Through the regional analysis, the research focuses on production, consumption, revenue, import/export in these regions from 2012 to 2016.
Further, the market overview section of the report comprises qualitative analysis of the overall smart toys market considering the factors determining the market dynamics such as drivers, restraints and opportunities. Besides, the research briefly highlights the key factors driving the market along with the factors challenging the market. At present, the growth of the smart toys market is majorly driven by an increase in disposable income among middle-income groups and advancements in technology to develop innovative and interactive toys. On the basis of application, the research highlights and categorized the market into Specialist Retailers, Online Retailers, Supermarkets and Hypermarkets, Toy Shops and others.
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Later, the report covers thorough competitive outlook that contains market share and profiles of key players functioning in the global market. Key players profiled in the report include Dream International (Hong Kong), The Lego Group(Denmark), Jakks Pacific (U.S.), Konami Corporation (Japan), Hasbro Inc. (U.S.), Leapfrog Entertainment (U.S.), Kid ii Inc. (U.S.), KNEX Industries Inc. (.S.), Playmobil (U.S.) and Mattel Inc. (U.S.).
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